In case you all have had your heads in the sand, this is a terrible time to be thinking about law school, unless your parents are paying for it or you have a full scholarship. The job market is terrible, and will continue to be for several years with the near collapse of the BIGLAW hiring model. And since most people don't practice in BIGLAW, I thought you would all like to take a look at this article that sums up salary distributions among law grads

For those who are worried that you won't be able to repay your student loans unless you take a high paying Biglaw job, the College Cost Reduction and Access Act will save you (kind of)

Passed this fall, the CCRAA provides that you can use an Income Based Repayment scheme to repay your federal loans (Stafford, GradPlus) at only 15% of your discretionary income over the poverty level. It also provides loan forgiveness for public interest lawyers after 10 years.

For an IBR (Income Based Repayment) calculatory, go to www.finaid.org.